Aug 22 (Reuters) - Australian energy producer Santos Ltd on Thursday said first half-profit rose 89%, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.
Australia’s No. 2 independent gas producer said underlying profit for the half-year ended June 30 came in at $411 million, compared with $217 million a year earlier, beating Citi estimates of $377 million.
Santos declared an interim dividend of 6 cents a share compared with 3.5 cents last year when it revived payouts after grappling with debt for more than two years. (Reporting by Shriya Ramakrishnan and Devika Syamnath in Bengaluru; Editing by Bernard Orr)